Ch. 3 - Supply and Demand

The bananas in the store are about to go bad. What will happen to the prices of bananas? 

The Law of Supply states that as prices increase

Spring is here! What will happen to the prices of the winter clothes in stores? 

What is the movement from S₁ to S called?

After the holidays, what will happen to the prices of wrapping paper? 

Pies and Cake are substitute goods, if the price of pies increases then...

Which is an example of substitute goods?

When the Star Wars movie came out, what happened to the prices of Star Wards toys? 

What happens to the demand of a rare Pokemon card? 

Certain dog breeds are rare. What happens to the prices of these dogs?

Refer to Figure 3-2. A change from Point A to Point B represents a(n):

If the government imposes a price ceiling of $2, the result will be a:

The nature of demand indicates that as the price of a good increases:

There is a drought in California. What is happening to the price of water? 

Right before a snow storm, what happens to the demand of shovels and salt?